Commercial Solutions Announces Q2 2013 Financial Results

 Commercial Solutions Inc. (TSX:CSA) announced its second quarter financial results for the three-month and six-month periods ended March 31, 2013, and reported revenues of $27.8 million.

As quoted in the press release:

Financial highlights from second quarter of fiscal 2013 are as follows:

• Commercial reported revenues of $27.8 million, a $2.7 million decline from the same period in the prior year. EBITDA for the quarter was $0.8 million in comparison to $1.5 million in the same period last year. The Company reported net earnings of $0.1 million for the quarter compared to $0.6 million during the same quarter of fiscal 2012.
• For the six months ended March 31, 2013, the Company reported revenues of $55.2 million, a $4.9 million decline from the same period in the prior year. EBITDA for the six months was $1.2 million in comparison to $2.8 million in the same period last year. The Company reported net loss of $0.06 million for the six months ended March 31, 2013 compared to $1.0 million net earnings during the same period in the prior fiscal year.

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